Air Canada 2006 Annual Report Download - page 72

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Combined Consolidated Statement of Operations and Deficit
For the year ended December 31
(in millions – Canadian dollars) 2006 2005
Operating revenues (note 1)
Passenger $ 8,887 $ 8,199
Cargo 629 625
Other 651 634
10,167 9,458
Special charge for Aeroplan Miles note 20 (102) -
10,065 9,458
Operating expenses
Salaries, wages and benefits 2,127 2,122
Aircraft fuel 2,545 2,197
Aircraft rent 441 417
Airport and navigation fees 982 924
Aircraft maintenance, materials and supplies 855 751
Communications and information technology 278 297
Food, beverages and supplies 335 334
Depreciation, amortization and obsolescence note 14 514 422
Commissions 237 253
Special charge for labour restructuring note 10 20 -
Other 1,472 1,423
9,806 9,140
Operating income
259
318
Non-operating income (expense)
Interest income 87 48
Interest expense (321) (284)
Interest capitalized 61 14
Loss on sale of and provisions on assets note 3 (6) (27)
Other (17) 16
(196) (233)
Income before the following items
63
85
Non-controlling interest (152) (131)
Foreign exchange gain 12 47
Recovery of (provision for) income taxes 3 (21)
Loss for the year
$ (74)
$ (20)
Deficit, beginning of year (41) (21)
Deficit, end of year
$ (115)
$ (41)
Loss per share
Basic and diluted note 13 $ (0.83) $ (0.25)
The accompanying notes are an integral part of the combined consolidated financial statements.
72